Below are the most important global events likely to affect FX and bond markets in the week starting July 20.

Provisional purchasing managers’ surveys for the U.S., eurozone and the U.K. will provide a snapshot of business-sector activity during July just as military conflict in the Middle East has resumed, pulling oil prices higher.

The European Central Bank will announce an interest-rate decision, while the U.K. will see a raft of key data releases, including inflation, just as a new prime minister takes office.

In Asia, Bank Indonesia is widely expected to raise interest rates again to support the rupiah while China’s benchmark lending rates are likely to remain unchanged. Inflation data are due from Japan, New Zealand and Singapore.